China to take countermeasures against US 'reciprocal tariffs': commerce ministry

China firmly opposes the U.S. "reciprocal tariffs" and will resolutely adopt countermeasures to safeguard its rights and interests, a spokesperson for the Ministry of Commerce said on Thursday.

The comments came after the United States announced on Wednesday that it would impose "reciprocal tariffs" on its trading partners.

The U.S. claims that it has suffered losses in international trade and is using so-called "reciprocity" as a justification to raise tariffs on all its trading partners. This disregards the balance of interests achieved through years of multilateral trade negotiations and ignores the fact that the U.S. has long reaped substantial benefits from international trade, the spokesperson said.

The so-called "reciprocal tariffs," determined based on unilateral and subjective assessments, violate international trade rules, severely undermine the legitimate rights and interests of relevant parties, and represent a typical act of unilateral bullying, said the spokesperson, adding that many trading partners have already expressed strong dissatisfaction and clear opposition to this move.

History shows that increasing tariffs cannot solve the United States' own problems, but instead harms U.S. interests and endangers global economic development as well as industrial and supply chain stability, according to the spokesperson.

There is no winner in a trade war, and protectionism leads nowhere, the spokesperson said.

China urges the United States to immediately cancel its unilateral tariff measures and properly resolve differences with its trading partners through equal dialogue, the spokesperson said.

China to take countermeasures against US 'reciprocal tariffs': commerce ministry

China to take countermeasures against US 'reciprocal tariffs': commerce ministry

China to take countermeasures against US 'reciprocal tariffs': commerce ministry

China to take countermeasures against US 'reciprocal tariffs': commerce ministry

China to take countermeasures against US 'reciprocal tariffs': commerce ministry

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025